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Loan cards to all tenant farmers in Telangana by July 25

Posted by on July 18, 2011 0 Comment

Hyderabad: The tenant farmers possessing Loan Eligibility Cards are eligible to get loans from cooperativesocieties and banks by pledging their crop instead of land. The distribution of Loan Eligibility Cards to 1.5 lakh tenant farmers in the Telangana region will be completed by July 25.

The Chief Minister, Mr N. Kiran Kumar Reddy, held a review meeting on tenant farmers’ issues and crop loans in the Secretariat here. The Deputy Chief Minister, Mr C. Damodar Rajanarasimha, the Revenue Minister, Mr N Raghuveera Reddy, and the officials of the departments
concerned attended the meeting.

Speaking at the Secretariat Media Point, Mr Raghuveera Reddy said the government was issuing Loan Eligibility Cards to the tenant farmers to make them eligible to obtain crop loans, seed subsidy, crop insurance and so on. In this regard, 28,000 gram sabhas have been organized so far and found 5.7 lakh tenant farmers eligible for the facility. As on today, Loan Eligibility Cards have been issued to
some 3.02 lakh tenant farmers in the State. The Chief Minister has directed the officials concerned to complete the distribution of Loan Eligibility Cards to 1.5 lakh tenant farmers in Telangana region by
July 25, he added.

The Minister also said the banks have already sanctioned crop loans to the tune of Rs 40 crores to Loan Eligibility Card holders. The bankers had assured the Chief Minister that they
would provide loan facility to all the Card holders and made it clear that it was not possible to issue second crop loans to the tenant farmers on the lands on which crop loan was already sanctioned. The Chief Minister asked the bankers to provide bank loan facility to such tenant farmers in another form for this season. Positively reacting, the bankers assured the government that they would form Joint Liability Groups with such tenant farmers and extend one crop loans to them. He also made it clear that the land owner was not responsible in anyway, if the tenant farmers, who were cultivating their lands did not repay the crop loan. He pointed out that the crop loan to tenant farmers would be extended by the banks without mortgaging the land. “The Chief Minister also instructed the officials concerned to come with a proposal to extend Pavala Vaddi facility to the loans of tenant farmers”, he added.

Reminding that mortgage of land was compulsory to get loan from cooperative societies and banks, Mr Raghuveera Reddy said orders have been issued today that loans would be issued to Loan
Eligibility Card holders by them without mortgaging land, but by pledging the crop.

When brought to his notice that the tenant farmers of Endowment lands were denied Loan Eligibility Cards by the authorities, the Minister clarified that there was no need for Loan Eligibility Card to the tenant farmers of Endowment lands. He also announced that the last date of crop loan, including crop insurance, has been extended from July 15 to 31. Keeping in mind the requests, the Chief Minister instructed the officials to take steps for extension of the last date for Crop Insurance up to August 31, he added.

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